I had seen such useless threads before ...
I can build you the fastest possible rig for that money.. here it goes
CPU intel P4 3.0ghz( socket 468 ) , fastest till date

Rs 55000
Motherboard Intel original 865gbf , its used so i will give for less Rs 15000
Ram 512*4 ddr1 , Rs5500 each
GPU I have a used 7600GT AGP card for Rs ( Rs 45000 only ) I personally guarantee it can start all games so future proof
Cabinet Intex nova ( has a very powerful PSU included ) Rs12000
CD rom asus 52x !! Yeah u read it right 52x speed Rs 8000
Soundcard Onboard 5.1 sound Rs 5000 :-P
Motherboard is high end so it does not have lan so 1/100 card Rs 5000
Keyboard and mouse ( I will post their pictures ) Rs 12000
This totals around 1.8 lakhs so leaves more then 2 for the monitor
I have a 17 samsung crt for 1.5 lakh but i love it so much that i have decided not to sell it
Whoever wants this monster rig can PM me their details
PS : shipping charges extra